3 discussions - 2 Project Sets

Problem Set # 10 - Project for Planning

Chapter 11: Resource Planning.

Earned-value analysis. A project budget calls for the following expenditures:

Task	Date	Budgeted Amount
Build forms	1-Apr	$10,000
Pour foundation	1-Apr	$50,000
	1-May	$100,000
Frame walls	1-May	$30,000
	1-Jun	$30,000
Remaining tasks	July 1 and beyond	$500,000

Define each term in your own words, calculate these values for the above project, and show your work:

· Budgeted cost baseline (make a graph illustrating this one)

· Budget at completion (BAC)

· Planned value (PV) as of May 1

· Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.

· SV as of May 1.

· Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.

· Schedule performance index (SPI)

· Cost performance index (CPI)

· Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs

· Estimate at completion (EAC)

Reference:

Watt, A. (2019). Project Management, 2nd Edition. BCcampus Open Education.

https://opentextbc.ca/projectmanagement/